CPMI outlines backing for payments data harmonisation

BIS committee aims for greater harmonisation of ISO 20022 to support cross-border payments

Bank for International Settlements, Basel
Bank for International Settlements, Basel
Photo: BIS

The Committee on Payments and Market Infrastructures (CPMI) has unveiled plans to support wider adoption of harmonised data standards for cross-border payments.

The committee, part of the Bank for International Settlements, launched the effort today (January 7) as part of an ongoing programme of upgrades to the infrastructure behind cross-border payments.

A key factor in achieving more efficient cross-border payments is the use of the same data standards by all countries, and the ISO 20022

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